The DXY fell to four-session lows in N.Y. on Tuesday, largely the result of a benign U.S. February CPI outcome, which tempered Fed rate hike concerns to a degree. The dollar index fell from 90.01 to lows of 89.59 through the morning session. EUR-USD rallied from 1.2335 to 1.2407. USD-JPY meanwhile, dropped from 107.28 to a low of 106.49, before recovering to near 106.70. USD-CAD rallied to 1.2946 from 1.2831 lows on BoC governor Poloz comments, where he said the Bank would remain cautious on the policy front. Cable topped at two-week highs of 1.3994.
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